Should I Sell?! Using Math & Emotion To Decide
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- Опубликовано: 18 май 2024
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This one is for those of you thinking of selling your home in 2024.
Listen to Derek go through the process of deciding whether or not to sell his investment property in Koolina, Hawaii.
All listing info will be shared here once available
Watch this video we made when Derek purchased this property:
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Derek Okahashi
RS-82017
Licensed In Hawaii
The positive is you have options. It will be a win win with what ever option you choose.
You are making the right decision of letting it go. Not only because you are up on it but you ran it through the mental equation which is so often overlooked when making a decision as such. The mental aspect of not having to deal with the property probably returns way more than the monetary gain from the sale. Also, you are no mug with your money so I'm sure you will move the funds from the sale to something else that requires less mental energy and probably gives even better returns in the long run.
Appreciate the transparency Derk. Definitely good information to have, thanks so much for sharing!
I appreciate your 360-degree perspective. Food for thought.
Thanks for sharing Brother! 😊
My pleasure
Nice video Derek. Keep it up.
What's the monthly HOA for this townhome?
Great perspective and insight, thank you for sharing. Personally if it were me I would sell, take the tax hit and invest the proceeds in the stock market (I’d go a combination of the “magnificent seven” and an S&P 500 index fund). No stress, watch your money grow
Hey derek hope u make out on the 1031, hypothetically if you could break even if it were a long term rental would you hold it? Thats the situation im in
Semper paratus!
Not a simple answer but generally yes I would
We are in Ko’olina this week. May we see the unit?
Pls register on our site and let Charlotte know
@@movingtohawaii done! Thanks!
you win monopoly by buying properties.. DO
If you are at least close to break-even after paying mortgage, HOA, and professional AIRBNB host then the smart thing to do is to hold. Being a real estate professional/entrepreneur, the tax hacks/advantages are enormous. You also mentioned that this location outperforms the Hawaii market. As a real estate investor, the main thing is looking at it as a long term play. Imagine yourself 10-15 years from now with its possible appreciation by then. Would you say, "I'm glad I let that go in 2024" or would you say, "Gosh, I should've kept that place, I would've own it free and clear by now." Personally, looking back at a couple of the properties I owned and sold, I now wish I would've kept them all. Those would've been paid off and 100% cash flow with its equities I can leverage from. Just food for thought.
most are real estate full and cash flow broke so the cash flow issue causes stress.... nice to have both but most dont.